Tag Archives: analysts

Coinbase Global (COIN) is set to release earnings after the market closes Thursday with Q3 potentially showing 2022’s worst quarter yet for spot market crypto trading venues. But not every analyst agrees how much weight investors will put into the company’s financials if it demonstrates growth in non-trading revenue. Here are Wall Street’s estimates compiled by Bloomberg: Revenue: $649.15 million Adjusted net income: ($520.52) million Adjusted EBITDA: ($212.95) million Adjusted earnings per… Source link

Not everyone on Wall Street is on board for the bullish ride Netflix (NFLX) stock has been on in recent months. Shares of the streaming beast are up 18% in the past three months, blowing away the Nasdaq Composite’s 9% drop amid optimism surrounding Netflix’s upcoming ad-tier service. Analyst Doug Anmuth estimated in a new note this week that Netflix could drive 7.5 million subscribers to its ad-supported tier in its US and Canada segment in 2023, which could drive $600 million in advertising… Source link

Investors like getting a return on investment, of course, it’s why they are in the market to begin with. And when a company makes a commitment to return capital and profits to the shareholders, that’s a win – one that will both attract and reward investors. The key for investors is to find the best possible capital return, and dividend stocks make a logical place to start looking. With this in mind, we’ve used the TipRanks database to pull up the details on two true dividend… Source link

Farewell, July, it’s been a pleasure. Sentiment might finally be turning on Wall Street after the stock market recorded its best month since November 2020, buoyed by the tech giants better-than-expected quarterly results and the prospect of the Fed easing on future rate hikes. The major indexes are still down for the year, but we’re clearly in the midst of a rally. Where this rally will go is anyone’s guess. For now, Wall Street’s analysts are busy selecting the stocks they see as best… Source link

The first half ended last week, and the S&P 500 is now firmly stuck in a bear. The rapid change from record high levels at the end of last year, to a 20%+ drop in these past six months has pummeled investors, who have had to cope with shrinking share values, increased volatility, and an unpredictable and risky equity environment. The most serious issue facing economists and traders right now is the possibility of recession in the near term. The US GDP contracted by 1.6% in Q1, and preliminary… Source link

Now that we’re into the third quarter, we’re stating to see the pundits sound off on what the Q2 economic data will show – and some of them are openly saying that second quarter GDP will record a contraction. Coming on the heels of the 1.6% contraction in Q1, this will put the US in a technical recession. Along with rising inflation and the Fed’s turn to higher rates and monetary tightening, this adds up a darkening economic picture. But Jim Cramer, the well-known host of CNBC’s… Source link

With gasoline prices through the roof at record highs, inflation running at 40-year record levels, and last year’s bullish stock market turn down into a genuine bear, it’s no wonder that the financial and economic worlds are looking like reruns of ‘That 70s Show.’ Market watchers remember that the bad times of the late 70s and early 80s were tamed only when Fed Chair Paul Volker sparked a recession with near-20% interest rates – and for investors under 45, just take note that Q1… Source link

Last month, the annualized rate of inflation hit 8.6%, the highest in more than 40 years. Last week, in response, the Federal Reserve bumped up its benchmark interest rate by 75 basis points, the largest such hike since 1994. The combination of high inflation and aggressive tightening action by the central bank sent an already jittery stock market to its worst single week since the onset of the COVID crisis, and has economists talking gloomily about a repeat of the late 1970s and early… Source link

After 7 weeks of straight losses, the markets went into the long weekend on positive note: their best single week since 2020. The S&P 500 added more than 6% wiping away its losses from the month of May. The sudden drop in value, combined with the even more sudden bullish shift, even if it is temporary, has brought out the discount shoppers of the equity world. ‘Buy the dip’ is a real thing, and frequently successful path toward long-term portfolio gains, and the current environment is… Source link

Chip designer NVIDIA (NVDA) Corp. disappointed on guidance in their latest earnings report, but there was a lot in the update that Bank of America (BofA) analysts liked. “Our positive view on Nvidia is based on its underappreciated transformation from a traditional PC graphics chip vendor, into a supplier into high-end gaming, enterprise graphics, cloud, accelerated computing and automotive markets,” Bank of America analysts wrote in a recent note. “The company has executed consistently and… Source link